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Remote Asset Management Market by Solution (RTLS, Predictive Maintenance, Analytics, Asset Condition Monitoring & Performance Management), Platform, Application (Building Automation, Healthcare, Retail, Production Monitoring) - Global Forecast to 2021

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Date: 28-Mar-2017
No. of pages: 156
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Optimizing asset lifecycle offers a huge return on invest for asset-intensive industries sector, whichis expected to drive the growth of the remote asset management market

The remote asset management market size is expected to grow from USD 8.82 billion in 2016 to USD 26.99 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.1%. The major drivers for the upsurge in demand for the remote asset management market include increasing IoT adoption for efficient asset management and declining cost of IoT components leading to a cost-effective remote asset management solution deployment. The surveillance and security solution segment is expected to grow at the highest CAGR during the forecast period. The key functionalities of this solution include intrusion detection, access control systems, asset tracking, asset recovery, real-time monitoring, real-time notifications, and others.

Connected logistics and fleet management is estimated to have the largest market share

The connected logistics and fleet management is expected to have the largest market share in 2016 and estimated to grow at the significant CAGR during the forecast period. Connected logistics and fleet management is all about integrating advanced technologies with the existing transportation and logistics infrastructure, delivering real-time online information about reminder & alerts for vehicle maintenance, driver’s live performance and feedback, fleet/vehicle status (moving/stopped/idle), engine status, engine diagnostics, delivery status, delay status, and others. Asset tracking, monitoring, and management would help supply chain managers to locate, check status, fleet data, routing, scheduling, driver behavior, diagnostic, and others.

North America is expected to dominate the market during the forecast period

As per the geographic analysis, North America is expected to have the largest market share. It is likely to benefit from its technological advancements followed by robust internet infrastructure, widespread adoption of new technology, and the presence of strong domestic solution providers. This all has contributed to the shift towards smart infrastructure from conventional infrastructure. The need for better operational efficiency and business process at a low operating cost is expected to drive continuous growth in the remote asset management market. APAC is expected to grow at the highest CAGR during the forecast period. The region is estimated to surpass Europe in terms of remote asset management solutions deployment in the near future. This is due to the high demand for IoT technology deployment by the end-users in this region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profiles of primary discussion participants are given below:


  • By Company Type: Tier-1 (35%), Tier-2 (45%), and Tier-3 (20%)

  • By Designation: C-Level (35%),Manager Level (25%), and Others (40%)

  • By Region: North America (10%), Europe (20%), APAC (40%), and the Rest of World (RoW) (30%)


The various keyremote asset management market vendors profiled in the report are as follows:


  • AT & T Inc. (Texas, U.S.)

  • Cisco Systems, Inc. (California, U.S.)

  • Hitachi, Ltd. (Tokyo, Japan)

  • Infosys Limited (Karnataka, India)

  • IBM Corporation (New York, U.S.)

  • PTC Inc. (Massachusetts, U.S.)

  • Rockwell Automation, Inc. (Wisconsin, U.S.)

  • SAP SE (Wall Dorf, Germany)

  • Schneider Electric SE (Rueil-Malmaison, France)

  • Verizon Communications, Inc. (New York, U.S.)


Research Coverage

The global remote asset management market has been segmented on the basis of components (solution, application and, service), applications, and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities in different regions. In addition to this, product portfolio analysis strategic benchmarking is one of the other MarketsandMarkets analysis included in the report.

Reasons to Buy the Report

The report will help the market leaders/new entrants in this market in the following ways:


  • This report segments the remote asset management market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the subsegments, across different regions.

  • The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

  • This report will help the stakeholders to better understand the competitors and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

Remote Asset Management Market by Solution (RTLS, Predictive Maintenance, Analytics, Asset Condition Monitoring & Performance Management), Platform, Application (Building Automation, Healthcare, Retail, Production Monitoring) - Global Forecast to 2021

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Vendor Dive Matrix Methodology
2.5 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Remote Asset Management Market
4.2 Market By Region, 2016 vs 2021
4.3 Market By Solution, 2016–2021
4.4 Market Regions vs Solutions, 2016–2021
4.5 Lifecycle Analysis, By Region, 2016
4.6 Market Investment Scenario

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 By Component
5.2.2 By Application
5.2.3 By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Iot Adoption Paving the Way for Efficient Asset Management
5.3.1.2 Optimizing Asset Lifecycle Offers A Huge Return on Investment for Asset Intensive Industries
5.3.1.3 Declining Cost of Iot Components Leading to Cost-Effective Remote Asset Management Solution Deployment
5.3.2 Restraints
5.3.2.1 Expensive Asset Management Solutions A Limiting Factor for the Smes
5.3.3 Opportunities
5.3.3.1 Cloud-Based Solutions With Real-Time Functionalities Offering Cost Benefits
5.3.3.2 Outsourcing Vendors of Asset Management Solutions Will Gain Recurring Revenue Stream From the Organizations
5.3.4 Challenges
5.3.4.1 Asset Management Solutions Lack the Scalability to Accommodate Asset Proliferation and Byod
5.3.4.2 Agile Technological Changes Offer New Challenges to the Existing Vendors
5.3.4.3 Traditional Organizational Culture is A Major Hurdle for the Adoption of Remote Asset Management Solutions

6 Industry Trends
6.1 Introduction
6.2 Strategic Benchmarking
6.3 Regulatory Bodies in the Remote Asset Management Market
6.3.1 CEN/ISO
6.3.2 CENELEC/IEC
6.3.3 ISO/IEC JTC 1
6.3.4 ISO/IEC JTC 1/ SWG 5
6.3.5 ISO/IEC JTC 1 /SC 3 1
6.3.6 ISO/IEC JTC 1 /SC 2 7
6.3.7 ISO/IEC JTC 1 /WG 7 SENSORS
6.3.8 ETSI
6.3.9 IEEE
6.3.10 ITU-T

7 Remote Asset Management Market Analysis, By Component
7.1 Introduction

8 Remote Asset Management Market Analysis, By Solution
8.1 Introduction
8.2 Real-Time Location System
8.3 Streaming Analytics
8.4 Predictive Maintenance
8.4.1 Asset Condition Monitoring
8.4.2 Asset Performance Management
8.5 Surveillance and Security
8.6 Network Bandwidth Management
8.7 Mobile Workforce Management
8.8 Others

9 Remote Asset Management Market Analysis, By Platform
9.1 Introduction
9.2 Device Management
9.3 Application Management
9.4 Connectivity Management

10 Remote Asset Management Market Analysis, By Service
10.1 Introduction
10.2 Professional Services
10.2.1 Consulting Services
10.2.2 Integration and Deployment
10.2.3 Support and Maintenance Services
10.3 Managed Services

11 Remote Asset Management Market Analysis, By Application
11.1 Introduction
11.2 Building Automation
11.3 Remote Healthcare and Wellness
11.4 Smart Retail
11.5 Production Monitoring
11.6 Utilities and Smart Grids
11.7 Connected Logistics and Fleet Management
11.8 Connected Agriculture
11.9 Others

12 Remote Asset Management Market Analysis, By Region
12.1 Introduction
12.2 North America
12.3 Europe
12.4 Asia-Pacific
12.5 Middle East and Africa
12.6 Latin America

13 Competitive Landscape
13.1 Overview
13.2 Remote Asset Management: Vendor Analysis
13.3 Remote Asset Management Market: Key Growth Strategies, 2014–2017
13.4 Competitive Situation and Trends
13.5 Partnerships, Agreements, and Collaborations, 2014–2016
13.6 New Product Launches, 2014–2016
13.7 Mergers and Acquisitions, 2014–2017
13.8 Business Expansions, 2016

14 Company Profiles
14.1 Introduction
(Overview, Products and Services, Financials, Strategy & Development)*
14.2 AT&T Inc.
14.3 Cisco Systems, Inc.
14.4 Hitachi, Ltd.
14.5 Schneider Electric SE
14.6 PTC Inc.
14.7 Infosys Limited
14.8 International Business Machine Corporation
14.9 Rockwell Automation, Inc.
14.10 SAP SE
14.11 Verizon Communications, Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

15 Key Innovators
15.1 Bosch Software Innovations GmbH
15.2 Meridium, Inc.
15.3 Siemens AG
15.4 Vodafone Group PLC
15.5 Rapidvalue Solutions

16 Appendix
16.1 Discussion Guide
16.2 Knowledge Store: Marketsandmarkets Subscription Portal
16.3 Introducing RT: Real-Time Market Intelligence
16.4 Available Customization
16.5 Related Reports
16.6 Author Details

List of Tables

Table 1 Remote Asset Management Market Size and Growth, 2014–2021 (USD Billion, Y-O-Y%)
Table 2 Market Size, By Component, 2014–2021 (USD Million)
Table 3 Market Size, By Solution, 2014–2021 (USD Million)
Table 4 Solutions: Market Size, By Region, 2014–2021 (USD Million)
Table 5 Real-Time Location System: Market Size, By Region, 2014–2021 (USD Million)
Table 6 Streaming Analytics: Market Size, By Region, 2014–2021 (USD Million)
Table 7 Predictive Maintenance: Market Size, By Type, 2014–2021 (USD Million)
Table 8 Predictive Maintenance: Market Size, By Region, 2014–2021 (USD Million)
Table 9 Asset Condition Monitoring: Market Size, By Region, 2014–2021 (USD Million)
Table 10 Asset Performance Management: Market Size, By Region, 2014–2021 (USD Million)
Table 11 Surveillance and Security: Market Size, By Region, 2014–2021 (USD Million)
Table 12 Network Bandwidth Management: Market Size, By Region, 2014–2021 (USD Million)
Table 13 Mobile Workforce Management: Market Size, By Region, 2014–2021 (USD Million)
Table 14 Others: Remote Asset Management Market Size, By Region, 2014–2021 (USD Million)
Table 15 Platforms: Market Size, By Type, 2014–2021 (USD Million)
Table 16 Platforms: Market Size, By Region, 2014–2021 (USD Million)
Table 17 Device Management: Market Size, By Region, 2014–2021 (USD Million)
Table 18 Application Management: Market Size, By Region, 2014–2021 (USD Million)
Table 19 Connectivity Management: Market Size, By Region, 2014–2021 (USD Million)
Table 20 Remote Asset Management Market Size, By Service, 2014–2021 (USD Million)
Table 21 Services: Market Size, By Region, 2014–2021 (USD Million)
Table 22 Professional Services: Market Size, By Type, 2014–2021 (USD Million)
Table 23 Professional Services: Market Size, By Region, 2014–2021 (USD Million)
Table 24 Consulting Services: Market Size, By Region, 2014–2021 (USD Million)
Table 25 Integration and Deployment: Market Size, By Region, 2014–2021 (USD Million)
Table 26 Support and Maintenance Services: Market Size, By Region, 2014–2021 (USD Million)
Table 27 Managed Services: Market Size, By Region, 2014–2021 (USD Million)
Table 28 Remote Asset Management Market Size, By Application, 2014–2021 (USD Million)
Table 29 Application: Market Size, By Region, 2014–2021 (USD Million)
Table 30 Building Automation: Market Size, By Region, 2014–2021 (USD Million)
Table 31 Remote Healthcare and Wellness: Market Size, By Region, 2014–2021 (USD Million)
Table 32 Smart Retail: Market Size, By Region, 2014–2021 (USD Million)
Table 33 Production Monitoring: Market Size, By Region, 2014–2021 (USD Million)
Table 34 Utilities and Smart Grids: Market Size, By Region, 2014–2021 (USD Million)
Table 35 Connected Logistics and Fleet Management: Market Size, By Region, 2014–2021 (USD Million)
Table 36 Connected Agriculture: Market Size, By Region, 2014–2021 (USD Million)
Table 37 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 38 Remote Asset Management Market Size, By Region, 2014–2021 (USD Million)
Table 39 North America: Market Size, By Component, 2014–2021 (USD Million)
Table 40 North America: Market Size, By Solution, 2014–2021 (USD Million)
Table 41 North America: Predictive Maintenance Solution Market Size, By Type, 2014–2021 (USD Million)
Table 42 North America: Market Size, By Platform, 2014–2021 (USD Million)
Table 43 North America: Market Size, By Service, 2014–2021 (USD Million)
Table 44 North America: Remote Asset Management Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 45 North America: Professional Services Market Size, By Application, 2014–2021 (USD Million)
Table 46 Europe: Market Size, By Component, 2014–2021 (USD Million)
Table 47 Europe: Market Size, By Solution, 2014–2021 (USD Million)
Table 48 Europe: Predictive Maintenance Solution Market Size, By Type, 2014–2021 (USD Million)
Table 49 Europe: Market Size, By Platform, 2014–2021 (USD Million)
Table 50 Europe: Market Size, By Service, 2014–2021 (USD Million)
Table 51 Europe: Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 52 Europe: Professional Services Market Size, By Application, 2014–2021 (USD Million)
Table 53 Asia-Pacific: Remote Asset Management Market Size, By Component, 2014–2021 (USD Million)
Table 54 Asia-Pacific: Market Size, By Solution, 2014–2021 (USD Million)
Table 55 Asia-Pacific: Predictive Maintenance Solution Market Size, By Type, 2014–2021 (USD Million)
Table 56 Asia-Pacific: Market Size, By Platform, 2014–2021 (USD Million)
Table 57 Asia-Pacific: Market Size, By Service, 2014–2021 (USD Million)
Table 58 Asia-Pacific: Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 59 Asia-Pacific: Market Size, By Application, 2014–2021 (USD Million)
Table 60 Middle East and Africa: Market Size, By Component, 2014–2021 (USD Million)
Table 61 Middle East and Africa: Market Size, By Solution, 2014–2021 (USD Million)
Table 62 Middle East and Africa: Predictive Maintenance Solution Market Size, By Type, 2014–2021 (USD Million)
Table 63 Middle East and Africa: Market Size, By Platform, 2014–2021 (USD Million)
Table 64 Middle East and Africa: Market Size, By Service, 2014–2021 (USD Million)
Table 65 Middle East and Africa: Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 66 Middle East and Africa: Market Size, By Application, 2014–2021 (USD Million)
Table 67 Latin America: Remote Asset Management Market Size, By Component, 2014–2021 (USD Million)
Table 68 Latin America: Market Size, By Solution, 2014–2021 (USD Million)
Table 69 Latin America: Predictive Maintenance Solution Market Size, By Type, 2014–2021 (USD Million)
Table 70 Latin America: Market Size, By Platform, 2014–2021 (USD Million)
Table 71 Latin America: Market Size, By Service, 2014–2021 (USD Million)
Table 72 Latin America: Professional Services Market Size, By Type, 2014–2021 (USD Million)
Table 73 Latin America: Market Size, By Application, 2014–2021 (USD Million)
Table 74 Partnerships and Collaborations, 2014–2016
Table 75 New Product Launches, 2014–2016
Table 76 Mergers and Acquisitions, 2014–2017
Table 77 Business Expansions, 2016

List of Figures

Figure 1 Global Remote Asset Management Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Vendor Dive Matrix: Criteria Weightage
Figure 7 Global Remote Asset Management Market Growth Rate, 2014–2021 (USD Billion, Y-O-Y %)
Figure 8 Top Three Fastest-Growing Segments for the Market During 2016–2021
Figure 9 North America is Expected to Hold the Largest Market Share in 2016
Figure 10 Government Initiatives are Driving the Market Towards Growth
Figure 11 Asia-Pacific is Expected to Witness the Highest Growth During the Forecast Period
Figure 12 Network Bandwidth Management is Expected to Grow at the Highest CAGR Among Solutions
Figure 13 Predictive Maintenance Solution is Expected to Lead the Remote Asset Management Market in Terms of Market Share in 2016
Figure 14 Market Segmentation By Component
Figure 15 Market Segmentation By Application
Figure 16 Market Segmentation By Region
Figure 17 Market Drivers, Restraints, Opportunities, and Challenges
Figure 18 Strategic Benchmarking: Partnerships, Agreements, and Acquisitions of Top Vendors
Figure 19 Solutions Segment is Expected to Hold the Major Share in the Market During the Forecast Period
Figure 20 Predictive Maintenance Solutions Segment to Hold the Largest Share in the Market, By Solution, During the Forecast Period
Figure 21 Device Management Platform is Expected to Hold the Major Market Share in the Remote Asset Management Market, By Platform, During the Forecast Period
Figure 22 Professional Services Segment to Hold the Major Market Share in the Remote Asset Management Market, By Service, During the Forecast Period
Figure 23 Connected Logistics and Fleet Management Application Segment to Hold the Major Market Share in the Remote Asset Management Market During the Forecast Period
Figure 24 North America to Be the Leading Region in Terms of Market Size During the Forecast Period
Figure 25 Asia-Pacific: Hot Spot for Market During the Forecast Period
Figure 26 Remote Asset Management Market: Business Offerings Analysis
Figure 27 Remote Asset Management Market: Business Strategies Analysis
Figure 28 Companies Adopted Organic and Inorganic Growth Strategies
Figure 29 Market Evaluation Framework
Figure 30 Battle for Market Share: Partnership, Agreement, and Collaboration, the Key Strategy
Figure 31 Geographic Revenue Mix of Top Market Players
Figure 32 AT&T Inc.: Company Snapshot
Figure 33 AT&T Inc.: SWOT Analysis
Figure 34 Cisco Systems, Inc.: Company Snapshot
Figure 35 Cisco Systems, Inc.: SWOT Analysis
Figure 36 Hitachi Ltd: Company Snapshot
Figure 37 Hitachi, Ltd.: SWOT Analysis
Figure 38 Schneider Electric SE.: Company Snapshot
Figure 39 Schneider Electric SE: SWOT Analysis
Figure 40 PTC Inc.: Company Snapshot
Figure 41 PTC Inc.: SWOT Analysis
Figure 42 Infosys Limited: Company Snapshot
Figure 43 IBM Corporation: Company Snapshot
Figure 44 Rockwell Automation, Inc.: Company Snapshot
Figure 45 SAP SE: Company Snapshot
Figure 46 Verizon Communications, Inc.: Company Snapshot

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